Healthcare Trust Schemes
Do you have clients with claims funds in excess of £250,000? A Healthcare Trust is an alternative to traditional medical insurance, which allows employers to offer healthcare benefits without the need for an insurance arrangement. With the resulting benefit of no Insurance Premium Tax to pay, this may make a Trust Scheme particularly attractive for your larger clients.
- “How does a Healthcare Trust work?”
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The Trust is funded by the employing company, which makes payments into the Trust fund. Those payments are used to cover eligible medical expenses incurred by members of the Trust.
- “What will my clients need to do?”
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If your clients would like to set up a Healthcare Trust, they will need to appoint an administrator - and this is a service we can offer as part of our Trust expertise.
Our Healthcare Trust experts can work closely with you to develop a robust, tailor-made scheme that suits your client needs.
- “How can Aviva help me propose a Healthcare Trust to my clients?”
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We can give you an information pack and sample documents to show your clients - including the Trust Deed, Administration Agreement and Stop Loss (if required).
We’ll help you understand all of your clients’ requirements, throughout our relationship. After our first meetings, we’ll hold regular reviews to find out we can help you meet or exceed their expectations.
We’re experts in setting up Healthcare Trust Schemes, and will help you and your clients set up the Trust every step of the way. Aviva has over 13 years experience managing bespoke arrangements for Trust funds with over £33 million of funds currently under management. By working closely together, you can offer this expertise directly to your clients - enhancing your reputation and building your business.
- “Why choose Aviva's Healthcare Trust?”
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- Tailored benefit design to complement an employers healthcare strategy
- Bespoke member handbooks and employee communication
- Cost efficient funding process
- Detailed reporting, data and trend analysis
- Dedicated Key Account Management
- Expert trust claims team
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